BT 2007 Annual Report Download - page 151

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150 BT Group plc Annual Report & Form 20-F
SELECTED FINANCIAL DATA
The group is required to prepare its audited consolidated financial statements in accordance with IFRSs, as adopted by the EU and
those parts of the UK Companies Act 1985 applicable to companies reporting under IFRSs.
Prior to the 2006 financial year the group prepared its audited financial statements under UK GAAP. The policies set out on pages
78 to 85 of this report have been applied consistently to all financial years, with the exception of those policies relating to financial
instruments under IAS 32 and IAS 39, which have been applied with effect from 1 April 2005. The selected financial data on pages
150 to 155 is shown in accordance with IFRS for 2007, 2006 and 2005 and UK GAAP for 2005 to 2003.
Summary of group income statement – IFRS
Year ended 31 March
2007
£m
2006
£m
2005
£m
Revenue 20,223 19,514 18,429
Other operating income 233 227 551
Operating costs (17,915) (17,246) (15,988)
Operating profit
Before specific itemsa2,713 2,633 2,693
Specific itemsa(172) (138) 299
2,541 2,495 2,992
Net finance expense
Finance expense before specific items (2,604) (2,740) (2,773)
Finance income before specific items 2,371 2,268 2,174
Specific items 139 ––
(94) (472) (599)
Share of post tax profits (losses) of associates and joint ventures
Before specific itemsa15 16 (14)
Specific itemsa–– (25)
15 16 (39)
Profit on disposal of associates and joint ventures
Before specific items –––
Specific items 22 1–
22 1–
Profit before tax
Before specific itemsa2,495 2,177 2,080
Specific itemsa(11) (137) 274
2,484 2,040 2,354
Taxation
Before specific itemsa(611) (533) (541)
Specific itemsa979 41 16
368 (492) (525)
Profit for the year
Before specific itemsa1,884 1,644 1,539
Specific itemsa968 (96) 290
2,852 1,548 1,829
Year ended 31 March 2007 2006 2005
Average number of shares used in basic earnings per share (millions) 8,293 8,422 8,524
Average number of shares used in diluted earnings per share (millions) 8,479 8,537 8,581
Basic earnings per share 34.4p 18.4p 21.5p
Diluted earnings per share 33.6p 18.1p 21.3p
Dividends per sharec15.1p 11.9p 10.4p
Dividends per share, centsbc 29.7c 20.7c 19.5c
Basic earnings per share before specific itemsa22.7p 19.5p 18.1p
Diluted earnings per share before specific itemsa22.2p 19.2p 17.9p
aA definition of specific items is provided in the accounting policies section on page 78. The directors believe these measures provide a more meaningful analysis of the trading results of the group and
are consistent with the way the financial performance is measured by management.
bBased on actual dividends paid and/or year end exchange rate on proposed dividends
cDividends per share represents the dividend proposed in respect of the relevant financial year. Under IFRSs, dividends are recognised as a deduction from shareholders’ equity when they are paid.
Financial statements
Selected financial data